Cash buy or finance
Need some advice on which direction to take on my next investment.
These are my options....
Buy and hold a SFH/Townhouse, cash with no financing. Will be renting out so it will be making an income which will be taxed. This option costs 50k and rental income would be around $1000 per month.
OR
Buy a duplex with financing. Will have 2 tenants paying down mortgage. This option costs 130k, rental income would be around $1500.
Which is a better option in terms of growth? Of course, my ultimate goal is to keep going and eventually quit my day job and do this full time.
Most Popular Reply
ALWAYS TAKE FINANCING
the SFR looks like a much better deal though. Put a loan on that one instead.